SilkRoad 2 Taken down by Feds

[AGD]

This is what I see when I hear the name Bleake Benthall from now on (from 1:03 - 1:07)

http://www.youtube.com/watch?v=tDkNdGng8mM

 

Edit: I guess I will be working on my new animated gif

[hayabusa911]

Why did he not learn from his buddy "DPR" that you just can't get away with this in the US!?! He was even busted in the same damn city!!!  WTF!!!
If I remember right BTC went from around $130 to around $70 within a week of the last bust but there are more and even better markets now. People will just migrate.

[crazy_rabbit]

Silk road 3.0.

here we come.

eventually it will be run on some sort or anon block chain / asset exchange. Eg the NXT asset exchange with many suppliers could probably do it.

Wont be able to take that down.

This is what will and needs to happen. Check out Open Bazaar which is trying to become the first decentralized marketplace.

Does this really solve the problem though? Can't the FBI just download Open Bazaar, join, put of a fake storefront, fake reviews, fake trust and the bust people who buy from them? Who isn't to say they can't setup a sting like that?

[BitcoinzB]

If you were a admin/vendor or anyone else who was involved with this I would say it is a good time to go lawyer shopping, get some ball field pricing IF someone comes to knock, don't keep shit at your house and if the person who got busted knows something about you do not freak out and attempt to hire a hitman.  If a hitman contacts you assume it is a FED.

Were you an admin/vendor?

This is what I see when I hear the name Bleake Benthall from now on (from 1:03 - 1:07)

http://www.youtube.com/watch?v=tDkNdGng8mM

Golden. ahahahaha

[HELP.org]

Bound to happen when the founder/owner is young, unprofessional, greedy, foolish, and all around uneducated.

The alleged owner was an educated and prolific software engineer and entrepreneur who contributed to multiple repositories and also previously worked as a software engineer at Space Exploration Technologies Corp.

Your comment is both slanderous and ignorant.

How would you know?  You make a gazillion childish and ignorant comments and you come across as extremely uneducated about the world. 

The term is idiot-savant where someone knows a lot about one specific thing but is completely clueless about the rest of the world.  There are many of those involved in Bitcoin.  So, yes, someone can do some coding but still be "young, unprofessional, greedy, foolish, and all around uneducated" and I see it all the time in Bitcoin.

[FUR11]

It's so strange. But this time there hasn't been a panic selling. Novembers seem to become something special for Bitcoin. Let's just hope for another bubble, maybe!

[Lauda]

Does this really solve the problem though? Can't the FBI just download Open Bazaar, join, put of a fake storefront, fake reviews, fake trust and the bust people who buy from them? Who isn't to say they can't setup a sting like that?

It's not as simple as that. Let's say that I got arrested. I'm obviously going to tell the world who I bought from, the 'fake merchant' and such.
OpenBazaar solves a part of the problem. There is no domain to seize, no website to shut down and no owner to arrest.

[inBitweTrust]

The term is idiot-savant where someone knows a lot about one specific thing but is completely clueless about the rest of the world.  There are many of those involved in Bitcoin.  So, yes, someone can do some coding but still be "young, unprofessional, greedy, foolish, and all around uneducated" and I see it all the time in Bitcoin.

We can quibble about the other qualities but  "all around uneducated" wouldn't be a descriptor that most(98%+ surveyed) would describe someone of his education and abilities.

I wouldn't have responded if "all around uneducated" was replaced by "lack of common sense" or "lack of street smarts" or "capricious" or "irresponsibly sloppy".

Those descriptors would make such a comment "arguable" and thus a reasonable opinion.

[malykii]

This is what I see when I hear the name Bleake Benthall from now on (from 1:03 - 1:07)

http://www.youtube.com/watch?v=tDkNdGng8mM

 

Edit: I guess I will be working on my new animated gif

This is pretty funny.  Oh the interwebs saves everything.

[hilariousandco]

Why did he not learn from his buddy "DPR" that you just can't get away with this in the US!?! He was even busted in the same damn city!!!  WTF!!!
If I remember right BTC went from around $130 to around $70 within a week of the last bust but there are more and even better markets now. People will just migrate.

Maybe they knew each other? I think if you are going to run one of these sites the bare minimum you need to do is locate yourself in a country that isn't on co-operative terms with the US.

[Rampton]

Silk road 3.0.

here we come.

eventually it will be run on some sort or anon block chain / asset exchange. Eg the NXT asset exchange with many suppliers could probably do it.

Wont be able to take that down.

This is what will and needs to happen. Check out Open Bazaar which is trying to become the first decentralized marketplace.

Does this really solve the problem though? Can't the FBI just download Open Bazaar, join, put of a fake storefront, fake reviews, fake trust and the bust people who buy from them? Who isn't to say they can't setup a sting like that?

They could but they won't last long and I'm pretty sure that would be entrapment. Law enforcement aren't really interested with wasting resources on busting kids trying to buy small amounts of drugs; they go after the big guys.

[inBitweTrust]

Here is a current decentralized platform people can try out and test in addition to OpenBazaar -
 BitXBay

https://bitcointalk.org/index.php?topic=589578.0
http://sourceforge.net/projects/bitxbay/files/BitXBay%20Windows%20binaries/
https://github.com/bitxbay/BitXBay

[HELP.org]

The term is idiot-savant where someone knows a lot about one specific thing but is completely clueless about the rest of the world.  There are many of those involved in Bitcoin.  So, yes, someone can do some coding but still be "young, unprofessional, greedy, foolish, and all around uneducated" and I see it all the time in Bitcoin.

We can quibble about the other qualities but  "all around uneducated" wouldn't be a descriptor that most(98%+ surveyed) would describe someone of his education and abilities.

I wouldn't have responded if "all around uneducated" was replaced by "lack of common sense" or "lack of street smarts" or "capricious" or "irresponsibly sloppy".

Those descriptors would make such a comment "arguable" and thus a reasonable opinion.

You sound exactly like those people who post long ranting comments that one political party is responsible for everything wrong in the world.  They are called "wing nuts."  There is no point in discussing anything with them because they are crazy.  There are good and bad aspects about everything and most things are a grey area rather than black and white.  Just try to stop making Bitcoin look ridiculous with your rhetoric because the success of Bitcoin is not going to validate your agenda.  

[Sutters Mill]

Bound to happen when the founder/owner is young, unprofessional, greedy, foolish, and all around uneducated.

The alleged owner was an educated and prolific software engineer and entrepreneur who contributed to multiple repositories and also previously worked as a software engineer at Space Exploration Technologies Corp.

Your comment is both slanderous and ignorant.

How would you know?  You make a gazillion childish and ignorant comments and you come across as extremely uneducated about the world. 

The term is idiot-savant where someone knows a lot about one specific thing but is completely clueless about the rest of the world.  There are many of those involved in Bitcoin.  So, yes, someone can do some coding but still be "young, unprofessional, greedy, foolish, and all around uneducated" and I see it all the time in Bitcoin.

Idiot-savant seems to be your favourite word and you love calling everyone it. I'm sure you're a genius in all fields and a flawless expert in bitcoin.

Edit, just saw your signature. Seem that you are an expert. Certified bitcoin professional lol.

[inBitweTrust]

You sound exactly like those people who post long ranting comments that one political party is responsible for everything wrong in the world.  They are called "wing nuts."  There is no point in discussing anything with them because they are crazy.  There are good and bad aspects about everything and most things are a grey area rather than black and white.  Just try to stop making Bitcoin look ridiculous with your rhetoric because the success of Bitcoin is not going to validate your agenda.  

Mr Certified Bitcoin Professional,

I have another proposal I would like to offer you as you obviously have a personal vendetta against me and my politics(or lack thereof)...

How about I don't tell you how to use Bitcoin and you don't try and control how I use it either? We can both benefit and support from this amazing technology in our own ways. Bitcoin is a big tent that can support socialists, democratic republicans, all the flavors of anarchism, and minarchists.

Signed,
A genuine "wing nut"

[Quickseller]

Why did he not learn from his buddy "DPR" that you just can't get away with this in the US!?! He was even busted in the same damn city!!!   WTF!!!
If I remember right BTC went from around $130 to around $70 within a week of the last bust but there are more and even better markets now. People will just migrate.

Maybe they knew each other? I think if you are going to run one of these sites the bare minimum you need to do is locate yourself in a country that isn't on co-operative terms with the US.

he was making 400k+ per month. If you were making that much money you are going to want to live in the US to be able to enjoy luxuries that can be purchased in the US (or places that are friendly to the U.S. as places that are not friendly tend to be third world like countries).

I do agree that he made horrible mistakes - it was almost self sabotage

[inBitweTrust]

Whether it was wise or not of him to live in the US is arguable as agents and investigators can extradite Americans and/or bribe corrupt regulators/officers to carry out their bidding as they often do in most countries worldwide. You have a few countries that don't roll over to US interests such as Russia, China, North Korea, and Iran and those aren't ideal places to live either. Investigators probably first scrutinize all ex-pats living oversees when investigating crimes of this nature and thus living abroad could , arguably, bring more scrutiny to you.

There are many obvious mistakes he did make that are easy to point out in hindsight like blowing a stack of cash on that car and not getting rid(firing) of all the previous staff.

[ferall]

Silk Road 3 coming soon 

[hilariousandco]

Why did he not learn from his buddy "DPR" that you just can't get away with this in the US!?! He was even busted in the same damn city!!!   WTF!!!
If I remember right BTC went from around $130 to around $70 within a week of the last bust but there are more and even better markets now. People will just migrate.

Maybe they knew each other? I think if you are going to run one of these sites the bare minimum you need to do is locate yourself in a country that isn't on co-operative terms with the US.

he was making 400k+ per month. If you were making that much money you are going to want to live in the US to be able to enjoy luxuries that can be purchased in the US (or places that are friendly to the U.S. as places that are not friendly tend to be third world like countries).

I do agree that he made horrible mistakes - it was almost self sabotage

Other countries are available . I'd rather live like a king in Cuba or something than live in fear in the US. I suppose it's also possible to run one of these sites from the US, but only if you're completely certain you've covered all your tracks, though I personally wouldn't like to take the risk.

[Rampton]

he was making 400k+ per month. If you were making that much money you are going to want to live in the US to be able to enjoy luxuries that can be purchased in the US (or places that are friendly to the U.S. as places that are not friendly tend to be third world like countries).

I do agree that he made horrible mistakes - it was almost self sabotage

Even that kind of money wouldn't be worth it for me. Money is worthless if you can't spend it as he's likely going to be in jail for the rest of his life. I really can't imagine the stress of the paranoia I'd be under operating such a site, but if I did I wouldn't be dumb enough to log in from my home computer even through tor.